DJIA daily page 001 1

DJIA Forecast: A new stock market record?
The Dow Jones Industrial Average (DJIA) might rise in the medium-long term, according to the daily and weekly charts. The price is above EMA 200 and EMA 50 on the daily chart.
Moreover, the MACD indicator has entered positive territory, on the daily chart. The RSI oscillator stays above 50 on the weekly chart and this is a sign of an uptrend. Historically, the Dow Jones Industrial Average reached an all time high of 26616.71 in January of this year.

The most important data of this week:
July 12
US CPI MoM +0.2% expectation ( +0.2% previous)
YoY +2.3% expectation ( +2.2% previous)

AUDUSDdaily page001 1

The AUD/USD currency pair might rise in the medium-term according to the MACD, on the daily chart. The AUD/USD pair also shows a double bottom pattern that formed on the daily chart. If the price reaches 0.7650 on the weekly chart, a long-term pattern will be formed. Australia’s Central Bank said that inflation is expected to “gradually” accelerate as the economy strengthens and wage pressures increase, and this is a sign of interest rate increase in the near future.

The most important data of this week:
July 3
RBA rate (1.5% expectation); ( 1.5% previous)
July 5
FOMC minutes
July 6
US NFP (+195k expectation); ( +223k previous)
Unemployment rate (+3.8% expectation); ( +3.8% previous)

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USDCADdaily25June page 001 1

The USD/CAD currency pair might rise in the next month, based on Trump’s tarrifs. The risk-off atmosphere of Canada weighed heavily on the CAD. Uncertainty is already causing damage and the downtrend of Canadian dollar might continue.
The RSI oscillator is above 50 and this indicates an uptrend for the USD/CAD pair, according to the daily & weekly chart.

The most important data of this week:
June 27
Governor of the Bank of Canada Stephen Poloz will spek in Victoria
June 28
US GDP YoY (+2.2% expectation); (+2.2% previous)
June 29
Canada GDP YoY (+2.6% expectation); )+2.9% previous)
MoM ( unchanged expectation) ; (+0.3% previous)

USDCADweekly25June page 001

 

June 19UCHFDA page 001 1

The USD/CHF currency pair might fall in the next period, based on Trump's contentious battles with China and the European Union over proposed tariffs.

This “trade war” might affect growth and inflation in the United States.
The downtrend is indicated also technically. According to the daily chart, the price already reached a double top. A potential target will be Fibo 0.61 (0.9713).
According to the weekly chart, the USD/CHF pair might reach 0.9450 area in the long term, and then should be a retracement.

The most important data of this week:

June 20
- FED- Chairman Jerome Powell speaks at ECB Annual Forum in Sintra ( Portugal)
June 21
- SNB Interest Rate (-0.75% expectation); ( -0.75% previous)

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June 11EURUSDdaily


The EUR/USD currency pair might rise in the medium term, according to the daily chart. The RSI oscillator is 50, and this indicates a start for a bullish uptrend. A potential target might be 1.2014, where is Fibo 0.23 on the daily chart. Longer-term, EURUSD reaching the 1.2500 area seems just a matter of time. This pair will rise on Thursday, if Mario Draghi is ready to end the European Central Bank’s bond-buying program.

The most important data of this week:

June 12
US CPI MoM (+0.2% expectation); ( +0.2% previuous)
YoY (+2.2% expectation); ( +2.1% previous)
June 13
FOMC rate decision (+2% expectation); ( +1.75% previous)
June 14
ECB rate decision unchanged 0.00%
June 15
Eurozone CPI MoM (+0.5% expectation); ( +0.3 % previous)
YoY (+1.1% expectation); ( +1.1% previous)

EURweekly

GOLDD


Gold price fell during the course of May and is expected to drift lower in June. According to the daily chart, the price might fall below 1276 (Fibo 0.38). The downtrend is indicated also on the weekly chart, because the RSI oscillator stays below 50. The price level reached EMA 200 on the weekly chart. The Gold downtrend is underway in the near term.
However, Gold might go up in the medium-long term. A possible breakthrough is at 1312 (Fibo 0.23), according to the daily chart.

GOLDW

 

SP500daily page 001 1

 

The S&P 500 index might fall in the next period, according to the daily chart. The RSI oscillator is above 50 on the daily chart, and this indicates a price correction in the short term. A potential target is 0.38 FIBO (2652.70). However, the S&P 500 index will continue its long-term uptrend. According to the weekly chart, the RSI stays above 50, and this is considered a bullish trend.

The most important data of this week:
May 30
US ADP - (+190k expectation); ( +204k previous)
June 1
US NFP - ( +190k expectation); ( +164k previous)
US Unemployment rate - (+3.9% expectation); ( +3..9% previous)

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The GBP/USD currency pair will continue to fall in the next period, according to our technical and fundamental analysis. This pair fellduring most of the session on Monday, reaching down towards the 1.33 level. The price might reach 1.3265 in the medium term, where is Fibo 0.61 on the daily chart.

The recent UK’s data also suggest that the downtrend will remain intact. The inflation of the UK was below expectations. The Bank of England had put back plans for an increase in interest rates after the weaker than expected performance of the economy in early 2018.

The most important data of this week:

May 23

UK CPI YoY- (+2.5% expectation); ( +2.5% previous)

             MoM (+0.5% expectation); ( +0.1% previous)

US FOMC minutes 

May 24

UK Retail Sales- YoY (+0.4% expectation); (-1.1% previous)

                         MoM (+0.4% expectation); (-0.5% previous)

May 25 

UK GDP- YoY  (+1.2% expectation); (+1.2$ previous)

                  QoQ (+0.1% expectation);  (+0.1% previous)

GBPUSDweekly page 001

 

USDJPYdaily page 0012

The USD/JPY pair might rise in the next period, according to our technical analysis. The RSI remains in the bullish zone on the daily chart. The price might rise slower above 110.62 (Fibo 0.61). However, the price will continue to fall in the medium-long term, according to the weekly chart.

For personalized analysis and daily signals, contact us at office@forexcapitalexperts.com.

The most important data of this week:

May 15
Japan GDP QoQ – (unchaged estimated); ( +0.4% previous)
YoY - (-0.1% estimated); ( +1.6% previous)
May 17
Japan CPI YoY - (+0.7% estimated ); (+1.1% previous)

USDJPYweekly page 0012

 

USDCHFdaily page 001

The USD/CHF currency pair will fall in the next period, according to the daily chart. The RSI oscillator (83.26) already shows an overbought market and indicates a future price correction in the short term. However, according to the weekly chart, the pair might continue its uptrend in the long term. A potential target is 1.02, according to our analysis.
The fundamental analysis also indicates the strength of the U.S. dollar. Federal Reserve officials saw an economy growing at a strong pace and inflation moving up as well, justifying continued interest rate increases. On the other hand, there is a low inflation in Switzerland. Consumer prices in Switzerland increased 0.8 percent year-on-year in April of 2018, slightly below market expectations of a 0.9 percent gain.

The most important data of this week for this pair:
May 8
Swiss Unemployment rate (+2.9% expectation); (+2.9% previous)
May 10
US CPI YoY (+2.2% expectation); ( +2.1% previous)

USDCHFweekly page 001

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